In the game of roulette, a player can place a $4 bet on the number 13 and have a

Question

In the game of roulette, a player can place a $4 bet on the number 13 and have a 3g probabilily of winning I the mctal ball lands on 13, the player gets to kep the $4 paid to play the game and the player i awarded an adstional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. What is the expected value of the game to the player? if you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game The expected value is s (Round to the nearest cent as needed) The player would expect to lose about Round to the nearest cent as needed.) Enter your answer in each of the answer boxes TOSHIBA 9

Explanation / Answer

a)expected value =expected gain-expected lose =(1/38)*(140)-(37/38)*4 =$-0.21

b)

expected lose in 1000 games =$210.53

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